Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bybit−0.150%7-day average +0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$880.878% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 7 days+0.212%+$21 · spread now −0.150%, 7d avg +0.087%

Together, before fees+0.298%+$30 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.237% cheaper against Bybit than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GRASSUSDT	0.4129	0.0100	pay 0.0050% / 4h	2h 08m	$23.0M	$16.4M	25x
Short	BingX GRASS-USDT	0.4123	0.0100	get 0.0050% / 4h	2h 08m	—	$7.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee BingXbpOrdersPrice spread, now −0.150%Rate

Funding earned: $0
Price spread: −0.150% → +0.087%: −$23.75
Slippage, 4 orders: −$66.77
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$111.51
Costs to cover: 0.878%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; BingX: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 5 min ago	2.42 bp	19.4 bp −$19	40.6 bp −$406	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	6.10 bp	24.8 bp −$25	38.9 bp −$389	247.1 bp −$24.7K	626.6 bp −$313.3K

GRASS on 16 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya GRASSRUSDPERP	−0.0111%	1h	0.4118	−0.272%	$619	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+3.337%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4135	+0.145%	$9.8M	$28.6M	75x	as long as short
Bybit GRASSUSDTlong	+0.0100%	4h	0.4129	long leg	$23.0M	$16.4M	25x
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4133	+0.092%	$3.1M	$14.8M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4119	−0.247%	$1.1M	$1.6M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4134	+0.116%	$1.2M	$2.3M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4129	−0.010%	$4.8M	$3.2M	75x	as long as short
BingX GRASS-USDTshort	+0.0100%	4h	0.4123	−0.150%	—	$7.3M	—
Variational Omni GRASS	+0.0100%	4h	0.4108	−0.507%	$2.0M	$1.2M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GRASS-USD	+0.0104%	1h	0.4129	−0.004%	$204K	$906K	10x	as long as short
KuCoin GRASSUSDTM	+0.0116%	4h	0.4129	−0.005%	$1.2M	$1.6M	50x	as long as short
Aster GRASSUSDT	+0.0417%	4h	0.4116	−0.314%	$63K	$221K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0644%	1h	0.4119	−0.242%	$147K	$128K	20x	as long as short
Hyperliquid GRASS	+0.1019%	1h	0.4130	+0.015%	$15.6M	$3.9M	3x	as long as short
Lighter GRASS	+0.1856%	1h	0.4138	+0.225%	$809K	$785K	5x	as long as short